Reply to Sole breadwinner 350k/yr

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Yes but then $175k of that $350k would go to taxes and another $75-$100k for childcare. A lot of the rest would be eaten up by other outsourcing and buying more clothes, dry cleaning and communing costs. Your lifestyle wouldn’t be much better, and you’d just have two stressed out overworked parents. [/quote]

75-100k for childcare?! When we did this we had an au pair and part time preschool. It was way less than that even counting pre-tax. [/quote]

NP but this is unfortunately easily doable if you opt for expensive but not outrageous options. our last year for 4 and 1 yo: 65k+ nanny salary and nanny taxes. 16K morning pre-K for older DC during school year, 4K morning summer camp for older DC.[/quote]

Sure, but most people don’t need 55hrs a week of childcare. Our peak Weald an Aupair which cost us all in 30k and part time preschool through a local church for about $600/mo. We threw in a few summer camps for another 5k.

Spending what you describe is bananas. Not all high earning dual income families need outrageously long childcare hours. [/quote]

Where do you live?  I truly wish these were outrageous and bananas decisions leading to these childcare costs.  This is for 42.5 hours/week of nanny care paid at a living wage with overtime (though still not high wage or anything), and my spouse actually informed me that my accounting is quite wrong.  The 65K is only her gross salary, our nanny taxes were on top of this. We live in a condo and preferred not to squeeze an au pair in with us.

Where we live there are no church daycares that are that cheap except for the one at the a catholic school, but it’s not close to us and would have been hard to do the mid day pick ups, and we are not catholic.  I definitely admit that we are privileged to be able to afford the nanny, but our situation isnt that far fetched.  It’s reality for many upper middle two working parent households in hcol places…[/quote]

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